ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Complete this list of the Factors of Production:A Gas Station Owner; A Gas Pump, A Mechanic
A
Gasoline
B
Customers
C
Tools
D
An Owner
Explanation: 

Detailed explanation-1: -Centrifugal Pumps Centrifugal pumps are the most common types of pumps used in the oil and gas industry. Centrifugal pumps use centrifugal force through the rotation of the pump impeller to draw fluid into the intake of the pump and force it through the discharge section via centrifugal force.

Detailed explanation-2: -Conventional Natural Gas Production Natural gas is extracted from subsurface rock formations via drilling. Advances in hydraulic fracturing technologies have enabled access to large volumes of natural gas from shale.

Detailed explanation-3: -A suction pump moves the gas using the principle of unequal pressure. A pipe is inserted into the liquid. A motor above the fluid level removes enough air from the pipe to decrease the air pressure above the gasoline. When the air pressure inside the pipe is low enough, the gas climbs up into the dispenser.

Detailed explanation-4: -The fuel pump is used to pump the fuel from the fuel tank, via the fuel lines into the fuel injectors, which spray the fuel into the combustion chamber-in order to create combustion.

There is 1 question to complete.